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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 450 $ 425
Restricted cash 97 90
Receivables, net of allowance for credit losses of $33 and $38, respectively 504 506
Inventories 175 177
Prepaid expenses, deposits and other current assets 114 113
Total current assets 1,340 1,311
Non-current assets:    
Restricted cash 6 6
Receivables, net of allowance for credit losses of $7 and $3, respectively 57 37
Property and equipment, net 246 236
Operating lease right-of-use assets 48 52
Goodwill 2,925 2,945
Intangible assets, net 568 605
Software, net 160 158
Deferred income taxes 166 142
Other assets 72 60
Total assets 5,588 5,552
Current liabilities:    
Current portion of long-term debt 22 22
Accounts payable 211 241
Accrued liabilities 381 404
Income taxes payable 63 29
Total current liabilities 677 696
Deferred income taxes 20 20
Operating lease liabilities 34 39
Other long-term liabilities 170 180
Long-term debt, excluding current portion 3,852 3,852
Total liabilities 4,753 4,787
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199 shares authorized; 117 and 116 shares issued, respectively, and 90 shares outstanding 1 1
Additional paid-in capital 1,154 1,118
Retained earnings 762 680
Treasury stock, at cost, 27 and 26 shares, respectively (776) (751)
Accumulated other comprehensive loss (306) (283)
Total stockholders’ equity 835 765
Total liabilities and stockholders’ equity $ 5,588 $ 5,552